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WBR is a strong speculative buy

By David Randolph · April 29, 2005 · 1 min read · 305 views
Wyndham International, Inc.. The Group's principal activity is to offer upper scale and luxury hotel and resort accommodations.

WBR is a recent stock on the market, its debut date was just in October 2002:



On the last few days the stock erupted trough a downtrending channel and is making headwind since then:



With this kind of chart pattern and volume breakout we're expecting at least 30% from this baby in the next few days ... just look at the white candles forming and the volume backing them.

But when we expect big profits we know we must be prepared for the risk implied. So there must be an objective trading plan, considering both cases, success and failure.

Trading Plan:

1) Buy at open
2) Don't want to see a close below $0.91 on the short term. If that happens, run like hell.
3) This stock can make a huge move above this consolidation phase, it can even make a new all time high above $1.54. So we have to keep monitoring the stock to know when to sell with a profit.

David Randolph
www.3stocksonfire.org
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